Business Daily from THE HINDU group of publications
Thursday, Oct 02, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, Oct 02, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Govt Bonds Bond prices gain on value buying Mumbai, Oct. 1 Bond prices gained on value-buying as long-term bonds are becoming an attractive asset class, given the weakening of equities, said bond dealers. Expectations that the Reserve Bank of India may not increase interest rates given the tight liquidity in the market also helped bond prices gain. More numbers of foreign institutional investors are registering for investing in the debt market. Given the high interest rate scenario in India, the debt market is a good place to park funds, said a bond dealer with a public sector bank. Total traded volumes on the order matching system were Rs 4,620 crore (Rs 5,900 crore). The 8.24 per cent -10 year-2018 paper opened at Rs 97.8 (8.58 per cent YTM) and closed at Rs 98.6 (8.45 per cent YTM), against the previous close of Rs 97.73 (8.59 per cent YTM). It touched a high of Rs 98.84 (8.42 per cent YTM) during day trade. The 7.94 per cent -2021 paper opened at Rs 91.25 (9.12 per cent YTM) and closed at Rs 92 (9.01 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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